What is the Internet of Things (IoT)?
You may have heard the phrase Internet of things, but you are still trying to figure out what it entails. As the word states, Internet of things is an Internet connection that involves your assets and possessions. Unlike the standard connection that requires only computers and software, this type of connection can be done on other items like houses and vehicles:
It has become a game changer in many industries. Companies can connect assets and devices they own, which help to optimize operations, improve production, and manage their inventory in better ways. Moreover, they can conduct predictive maintenance, give new services and open new streams of revenue.
Many industries have benefited from this technology. Some of the industries that are reaping from the technology include.
Medical devices are connected, and much data can be shared which makes it more efficient and secured. This enhances better services for patients. If the medical devices are connected to the Internet, it is easy to know when an unusual event is happening around the hospital. It is also possible to detect machines in use by connecting sensors which will allow the team to find out when it is not in good hands. Moreover, if a device needs to be repaired, the staff can get alerts.
It is the largest company involved in the Internet for things. A manufacturing company includes many sectors under the same manufacturing company. Devices in the different areas need to be connected to increase production and efficiency. The connection includes installation of sensors on factory equipment. The sensors help in data collection on the machine’s performance which contributes to knowing an engine breakdown. Also, it increases security since it helps in tracking devices reducing theft case.
The Internet for things has impacted the way energy industries are conducting business. It has made work easier for them through the use of smart meters. The smart meters help the staff get track of how their customers are fairing and utilizing energy without having to go to every client’s place to collect data. They can also get information on any outages and conduct repair before putting people in danger.
More industries include automotive and agriculture industry. The general benefits of the Internet of things are enhanced safety and comfort, better decision making and more revenue generation due to production efficiency.
Disadvantages of IoT
Despite the many advantages that come with it, Internet of things comes with some barriers. The building process is a bit complicated, and you need to overcome the challenges for your industry to run efficiently. Some of the problems are; long time value, the Internet for things security, and difficulty in customizing the Internet for things project.
The projects can take a long time since every stage from business case development to full case roll out has its challenges. It is advisable for a company to follow a simplified process so as to minimize time used and maximize returns. Moreover, some of the devices are designed with poorly which is a threat to privacy, and that’s why you will require encrypted data and Internet for things management platform to help you track any suspicious activities on the network.